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UHY LLP Michigan Practice
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ARCHIVE
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LIMITED TIME TAX AMNESTY PROGRAMS IN MASSACHUSETTS
AND ALABAMA
Various states offer tax amnesty programs throughout the year. The programs allow the taxpayer to file delinquent returns and waive penalties associated with late filings. The programs also limit the look-back period for outstanding tax returns. Taxpayers who believe they may have delinquent tax exposure should consider participating in the amnesty programs to limit their tax liability. Massachusetts and Alabama are now offering tax amnesty programs.
MASSACHUSETTS
- Program available from April 1 - May 31, 2016.
- Look-back period - three years (otherwise, unlimited look-back period).
- Eligibility - Any individual or business who is not currently registered, who has not filed a tax return, or who has not reported the full amount of tax owed due on or before Dec. 31, 2015. Some exceptions are available; contact us to discuss your options.
- Not eligible - Does not cover existing liabilities (tax year 2016 going forward). Any taxpayer who participated in 2014 or 2015 tax amnesty programs are not eligible for the same periods in this program.
- Taxes covered - All tax types are included except for "preferred provider" excise and those covered under IFTA.
- Benefits - Pay only the tax and interest owed. Tax penalties and any interest due on the penalties are waived.
ALABAMA
- Program available from June 30 - Aug. 30, 2016 for taxes due prior to Jan. 1, 2015 or taxes for taxable periods that began before Jan. 1, 2015.
- Look-back period - three years (otherwise, unlimited look-back period).
- Eligibility - Any individual or entity subject to specified taxes imposed by the State of Alabama.
- Not eligible - Participation in the program is conditioned upon the agreement of the taxpayer that the right to protest or initiate an administrative or judicial proceeding is barred.
- Taxes covered - Most taxes; contact us to discuss.
- Benefits - All penalties waived and half of the interest.
For more information on these or other tax amnesty programs, please contact your professional at UHY LLP in Detroit 313 964 1040, Farmington Hills 248 355 1040 or Sterling Heights 586 254 1040, or visit us on the web at www.uhy-us.com.
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SPECIAL ANNOUNCEMENTS
UHY CORPORATE FINANCE HAS BEST YEAR YET; TWO RECOGNIZED AS M&A EMERGING LEADERS
After advising on Crain's Detroit Business' "Deal of the Year Under 100 Million" in 2015, UHY Advisors' Corporate Finance was also recognized for both buy-side and sell-side support on five other deals that made Crain's List of Largest Mergers and Acquisitions of 2015. In addition to the local accolades, Aaron Witalec and Alex Conti were both recently selected by M&A Advisor as recipients of the emerging leaders award for their notable accomplishments in business and in service to the community. The pair will be recognized at an awards ceremony in Manhattan on June 10.
 UHY IS BACK AT COMERICA PARK!
It's a new location for UHY, the field tarp cover located along the first baseline. The tarp will be seen at the game and on TV but will not be visible in conjunction with games when rain is expected. We also have a 30-sec. animated ad that will run twice per game on three different LED ribbonboards: first base, third base and Tiger club. Check out the picture here.
UHY CARES RAISES OVER $27,000 IN POKER NIGHT DONATIONS
Employees, their friends and associates of UHY LLP, certified public accountants, in conjunction with UHY Cares, the firm's independent 501c(3) organization, celebrated their ninth annual Texas Hold 'Em tournament on February 23. The charity poker event was held at Emagine Royal Oak and was packed with players, sponsors and donors who together helped bring in over $27,000 in donations to be distributed to several local charities and individuals in need. Photos are posted on UHY Cares Facebook page.
Thanks to everyone who made an appearance and a special shout out to our sponsors: Belmont Equipment and Technologies, Cambridge Consulting Group, Joe Wicker, College Park Industries, Edgar Atrip, Gina Deakins, Human Capital Staffing LLC, Larry McCarty, Level One Bank, Oakland Insurance, Alan Rudziewicz, Strobl & Sharp P.C., Telemus Capital Partners, Test Products Inc., Dan Kropchak, The Sales Matrix and VMC Technologies Inc.
FOLLOW UHY CARES ON SOCIAL MEDIA
Keep up with us on Facebook, Twitter and LinkedIn to see what our team is up to, and hear about our latest charitable giving initiatives, contests, photos, fundraising opportunities and more!
Facebook: UHY Cares
Linkedin: UHY Cares
Twitter: @UHYCares
UHY LLP operates its charitable giving activities through UHY Cares, an independent nonprofit 501c3 organization. Cares, which was incorporated in 2008, was an idea inspired by employees and is volunteer based. Through UHY Cares, employees are able to give back to the community, including helping individuals going through personal emergencies or hardships. Cares has provided assistance to hundreds of charities and families and continues to grow this list every year.
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Published by UHY LLP News.
Copyright © 2013 UHY LLP. All rights reserved.
Our firm provides the information in this newsletter as tax information and general business or economic information or analysis for educational purposes, and none of the information contained herein is intended to serve as a solicitation of any service or product. This information does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisors. Before making any decision or taking any action, you should consult a professional advisor who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of "UHY Advisors." UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. and UHY LLP are U.S. members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. "UHY" is the brand name for the UHY international network. Any services described herein are provided by UHY Advisors and/or UHY LLP (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.
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